Functional Additives Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Japan, Germany - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 188 SKU: IRTNTR45428

Functional Additives Market 2024-2028 

The functional additives market size is estimated to grow at a CAGR of 5.49% between 2023 and 2028. The market size is forecast to increase by USD 1,298.84 million. The growth of the market depends on several factors such as the rising online and internet sales of functional additives, the growing demand for functional additives from the pharmaceutical industry, and the growing demand for functional additives from the packaging industry. 

This functional additives market report extensively covers market segmentation by application (foods and beverages, pharmaceutical and healthcare, personal care and cosmetics, and others), type (oxygen scavengers, UV stabilizers, antistatic agents, antimicrobial additives, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

What will be the Size of the Functional Additives Market During the Forecast Period?

For More Highlights About this Report, Download Free Sample in a Minute 

Functional Additives Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Functional Additives Market Driver

Rising online and internet sales of functional additives is the key factor driving market growth. The evolution of the global market for functional additives in retail packaging has been driven by the increasing popularity of Internet trading and e-shopping, as well as the growing demand for doorstep delivery. The rise in the consumption of food and beverages owing to online internet sales is expected to drive the food packaging market. This will drive the demand for functional additives.

Moreover, the increasing purchasing power parity, dual-income families, and a decrease in domestic slack time in APAC are expected to drive the demand for food, beverages, and cosmetics. With the increasing number of customer-friendly e-commerce applications and portals, the online retail trade will be a major driver, and thus, the market will witness growth in the global functional additives market during the forecast period.

Key Functional Additives Market Trends

Growing demand for reverse logistics in packaging is the primary trend shaping market growth. The packaging for foods is typically done with plastic wrappers or containers. The non-biodegradable nature of plastics increases sustainability concerns. Reverse logistics is a method by which the materials flow back from customers to the manufacturers for reuse. The reverse movement of material in the supply chain system for cost reduction and profitability and to support sustainability is expected to drive the global packaging market for food and beverages.

Furthermore, the PET bottles are either remanufactured or used as regrind in PET to produce new bottles. In the US, the government supports programs such as the California Redemption Value (CRV) program. This is expected to drive the demand for functional additives, owing to their use in packaging applications. Hence, due to such advancements and supporting programs, the global functional additives market is expected to witness growth during this forecast period.

Key Functional Additives Market Challenge

Volatile raw material prices of functional additives is a challenge that affects market growth. Crude oil contains a number of chemicals that are used in the production of functional additives. One of the main suppliers of raw materials, such as phenols and aromatic amines, is the oil and gas sector. These raw materials are mainly produced from petroleum fraction downstream products.

Moreover, fluxes in the prices of crude oil have a severe effect on the prices of raw materials, which affects the costs of functional additives. The fluctuating price and non-availability of raw materials could also have an adverse effect on the cost and operations of market players, which can impede the growth of the market during the forecast period.

Functional Additives Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Functional Additives Market Customer Landscape

Who are the Major Functional Additives Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • ADEKA Corp.: The company offers functional additives such as water borne resins, epoxy resins, low chlorine epoxy resins, and urethane resins.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Akzo Nobel NV
  • Altana AG
  • Amcor Plc
  • Arkema Group
  • Avient Corp.
  • BASF SE
  • Clariant International Ltd.
  • Dow Chemical Co.
  • DuPont de Nemours Inc.
  • Dynea AS
  • Evonik Industries AG
  • Lanxess AG
  • Milliken and Co.
  • RPM International Inc.
  • Sabo Spa
  • SI Group Inc.
  • Solvay SA
  • Songwon Industrial Co. Ltd.
  • The Sherwin Williams Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Functional Additives Market?

The foods and beverages segment is estimated to witness significant growth during the forecast period. Functional additives are used in the food sector to improve the packaging performance shelf life and processability of the products.  Additionally, the food sector is often under scrutiny to comply with regulations set by the US Food and Drug Administration (FDA) and the European Union. Functional additives even reach under the indirect additives category of the US FDA, as various additives may encounter food as a part of either packaging or processing equipment. However, they are not intended to be added directly to food products.

Get a glance at the market contribution of various segments Download the PDF Sample

The foods and beverages segment was the largest segment and was valued at USD 1,389.16 million in 2018In the beverages sector, bottles and cans are expected to account for a large share of the global beverage packaging market. The packaging segment includes plastic, glass, metal, and paperboard. Alcoholic beverages, non-alcoholic beverages, and dairy products are the key application areas of the global beverage packaging market. The growing population and increasing income levels in developing economies, such as China and India, are expected to drive the global functional additives market during the forecast period.

Which are the Key Regions for the Functional Additives Market?

For more insights on the market share of various regions Download PDF Sample now!

APAC is estimated to contribute 61% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC region is anticipated to witness a high demand for functional additives due to an upsurge in the consumption of foods and beverages, pharmaceuticals, and consumer goods. The increasing population in India and China is expected to drive the demand for flexible packaging, especially for foods and beverages.

Moreover, investments in the packaging industry, especially in China, India, Japan, Indonesia, and Thailand, are expected to drive the functional additives market in the region. Some established players are likely to enter strategic alliances with the local players of APAC to consolidate the market share; hence, the regional functional additives market is witnessed to grow positively during this forecast period.

The outbreak of COVID-19 in 2020 had a negative impact on the functional additives market in the APAC region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Key functional additives market players in APAC are adopting strategies such as mergers and acquisitions to recover from the negative effects of the pandemic. Thus, such factors are expected to lead to the growth of the functional additives market in APAC during the forecast period.

Segment Overview

The functional additives market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook (USD Million, 2018-2028)
    • Foods and beverages
    • Pharmaceutical and healthcare
    • Personal care and cosmetics
    • Others
  • Type Outlook (USD Million,2018-2028)
    • Oxygen scavengers
    • UV stabilizers
    • Antistatic agents
    • Antimicrobial additives
    • Others
  • Region Outlook (USD Million, 2018-2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Functional Additives Market Scope

Report Coverage

Details

Page number

188

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.49%

Market growth 2024-2028

USD 1,298.84 million

Market structure

Fragmented

YoY growth 2023-2024(%)

4.66

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 61%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ADEKA Corp., Akzo Nobel NV, Altana AG, Amcor Plc, Arkema Group, Avient Corp., BASF SE, Clariant International Ltd., Dow Chemical Co., DuPont de Nemours Inc., Dynea AS, Evonik Industries AG, Lanxess AG, Milliken and Co., RPM International Inc., Sabo Spa, SI Group Inc., Solvay SA, Songwon Industrial Co. Ltd., and The Sherwin Williams Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download PDF Sample

What are the Key Data Covered in this Functional Additives Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global functional additives market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global functional additives market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Foods and beverages - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Foods and beverages - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Foods and beverages - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Foods and beverages - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Foods and beverages - Year-over-year growth 2023-2028 (%)
    • 6.4 Pharmaceutical and healthcare - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Pharmaceutical and healthcare - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Pharmaceutical and healthcare - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Pharmaceutical and healthcare - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Pharmaceutical and healthcare - Year-over-year growth 2023-2028 (%)
    • 6.5 Personal care and cosmetics - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)
      • Exhibit 51: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 52: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 54: Chart on Comparison by Type
      • Exhibit 55: Data Table on Comparison by Type
    • 7.3 Oxygen scavengers - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Oxygen scavengers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Oxygen scavengers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Oxygen scavengers - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Oxygen scavengers - Year-over-year growth 2023-2028 (%)
    • 7.4 UV stabilizers - Market size and forecast 2023-2028
      • Exhibit 60: Chart on UV stabilizers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on UV stabilizers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on UV stabilizers - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on UV stabilizers - Year-over-year growth 2023-2028 (%)
    • 7.5 Antistatic agents - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Antistatic agents - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Antistatic agents - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Antistatic agents - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Antistatic agents - Year-over-year growth 2023-2028 (%)
    • 7.6 Antimicrobial additives - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Antimicrobial additives - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Data Table on Antimicrobial additives - Market size and forecast 2023-2028 ($ million)
      • Exhibit 70: Chart on Antimicrobial additives - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Antimicrobial additives - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 74: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Type
      • Exhibit 76: Market opportunity by Type ($ million)
      • Exhibit 77: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 111: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 120: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 121: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ million)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 ADEKA Corp.
              • Exhibit 131: ADEKA Corp. - Overview
              • Exhibit 132: ADEKA Corp. - Business segments
              • Exhibit 133: ADEKA Corp. - Key offerings
              • Exhibit 134: ADEKA Corp. - Segment focus
            • 12.4 Akzo Nobel NV
              • Exhibit 135: Akzo Nobel NV - Overview
              • Exhibit 136: Akzo Nobel NV - Business segments
              • Exhibit 137: Akzo Nobel NV - Key news
              • Exhibit 138: Akzo Nobel NV - Key offerings
              • Exhibit 139: Akzo Nobel NV - Segment focus
            • 12.5 Altana AG
              • Exhibit 140: Altana AG - Overview
              • Exhibit 141: Altana AG - Business segments
              • Exhibit 142: Altana AG - Key news
              • Exhibit 143: Altana AG - Key offerings
              • Exhibit 144: Altana AG - Segment focus
            • 12.6 Amcor Plc
              • Exhibit 145: Amcor Plc - Overview
              • Exhibit 146: Amcor Plc - Business segments
              • Exhibit 147: Amcor Plc - Key news
              • Exhibit 148: Amcor Plc - Key offerings
              • Exhibit 149: Amcor Plc - Segment focus
            • 12.7 Avient Corp.
              • Exhibit 150: Avient Corp. - Overview
              • Exhibit 151: Avient Corp. - Business segments
              • Exhibit 152: Avient Corp. - Key offerings
              • Exhibit 153: Avient Corp. - Segment focus
            • 12.8 BASF SE
              • Exhibit 154: BASF SE - Overview
              • Exhibit 155: BASF SE - Business segments
              • Exhibit 156: BASF SE - Key news
              • Exhibit 157: BASF SE - Key offerings
              • Exhibit 158: BASF SE - Segment focus
            • 12.9 Clariant International Ltd.
              • Exhibit 159: Clariant International Ltd. - Overview
              • Exhibit 160: Clariant International Ltd. - Business segments
              • Exhibit 161: Clariant International Ltd. - Key news
              • Exhibit 162: Clariant International Ltd. - Key offerings
              • Exhibit 163: Clariant International Ltd. - Segment focus
            • 12.10 DuPont de Nemours Inc.
              • Exhibit 164: DuPont de Nemours Inc. - Overview
              • Exhibit 165: DuPont de Nemours Inc. - Business segments
              • Exhibit 166: DuPont de Nemours Inc. - Key news
              • Exhibit 167: DuPont de Nemours Inc. - Key offerings
              • Exhibit 168: DuPont de Nemours Inc. - Segment focus
            • 12.11 Dynea AS
              • Exhibit 169: Dynea AS - Overview
              • Exhibit 170: Dynea AS - Product / Service
              • Exhibit 171: Dynea AS - Key offerings
            • 12.12 Milliken and Co.
              • Exhibit 172: Milliken and Co. - Overview
              • Exhibit 173: Milliken and Co. - Product / Service
              • Exhibit 174: Milliken and Co. - Key offerings
            • 12.13 Sabo Spa
              • Exhibit 175: Sabo Spa - Overview
              • Exhibit 176: Sabo Spa - Product / Service
              • Exhibit 177: Sabo Spa - Key offerings
            • 12.14 SI Group Inc.
              • Exhibit 178: SI Group Inc. - Overview
              • Exhibit 179: SI Group Inc. - Product / Service
              • Exhibit 180: SI Group Inc. - Key offerings
            • 12.15 Solvay SA
              • Exhibit 181: Solvay SA - Overview
              • Exhibit 182: Solvay SA - Business segments
              • Exhibit 183: Solvay SA - Key news
              • Exhibit 184: Solvay SA - Key offerings
              • Exhibit 185: Solvay SA - Segment focus
            • 12.16 Songwon Industrial Co. Ltd.
              • Exhibit 186: Songwon Industrial Co. Ltd. - Overview
              • Exhibit 187: Songwon Industrial Co. Ltd. - Business segments
              • Exhibit 188: Songwon Industrial Co. Ltd. - Key offerings
              • Exhibit 189: Songwon Industrial Co. Ltd. - Segment focus
            • 12.17 The Sherwin Williams Co.
              • Exhibit 190: The Sherwin Williams Co. - Overview
              • Exhibit 191: The Sherwin Williams Co. - Business segments
              • Exhibit 192: The Sherwin Williams Co. - Key news
              • Exhibit 193: The Sherwin Williams Co. - Key offerings
              • Exhibit 194: The Sherwin Williams Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 195: Inclusions checklist
                • Exhibit 196: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 197: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 198: Research methodology
                • Exhibit 199: Validation techniques employed for market sizing
                • Exhibit 200: Information sources
              • 13.5 List of abbreviations
                • Exhibit 201: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              functional additives market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis